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Only Gold!

  • #19,621
  • Nov 26, 2014 8:43am Nov 26, 2014 8:43am
Hi all,

Nothing of real interest right at this moment for me, but the Daily and H4 charts attached both show consolidation which appeals, particularly as they are both in zones of interest to me.

On that basis, I'll be looking to short around the 1202 kind of price ref the horizontal line when PA and additional signals are present at that point, with approprate stops and t/p levels.

My view might change of course...we'll see.

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  • #19,622
  • Nov 26, 2014 9:01am Nov 26, 2014 9:01am
Quoting ClockTrader
{quote} Lets not talk BS here.. and don't get emotional.. Work Outs help immensely if you need a vent out. Lets just focus on business..
i think i was joking on gold to break the level of 1200 , if it hurts some body sorry from my side....
and i didnt talk about racism or religion..
  • #19,623
  • Nov 26, 2014 9:01am Nov 26, 2014 9:01am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} IF that was a joke, it was a very very BAD joke, IMHO. Being a Hindu, if I were to worship or chant my mantras, I would like to go to a Hindu Temple, now this is off the topic.. but not far irrelevant. Lets make sure not to talk about religion & racism here. The world is already tired & fed up of extremism & terrorism. Lets act same as if we all have same background. Nobody but Pure traders. IF there is something off the topic you wanna talk in length & detail, you are most welcome to do that on Weekends, but no BS. Here is something to...
My absolute agreement on this one. It is always better not to post rubbish here. Enough we have experienced, now let peace prevail at least on the thread.

Keep it up Bro!

Cheers,
KAH
  • #19,624
  • Nov 26, 2014 9:06am Nov 26, 2014 9:06am
Quoting ClockTrader
{quote} IF that was a joke, it was a very very BAD joke, IMHO. Being a Hindu, if I were to worship or chant my mantras, I would like to go to a Hindu Temple, now this is off the topic.. but not far irrelevant. Lets make sure not to talk about religion & racism here. The world is already tired & fed up of extremism & terrorism. Lets act same as if we all have same background. Nobody but Pure traders. IF there is something off the topic you wanna talk in length & detail, you are most welcome to do that on Weekends, but no BS. Here is something to...
lol 1 person is one man, 1 heart 1 soul. should all be the same,, on the drink side mines a large red wine thanks,,regards
  • #19,625
  • Nov 26, 2014 9:08am Nov 26, 2014 9:08am
Attached Image (click to enlarge)
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?????? eyes shut
  • #19,626
  • Nov 26, 2014 9:10am Nov 26, 2014 9:10am
Quoting elbert3
{quote} how long had you been in fx buddy ?? its not that easy or we would all be full of money ..lol gold has a very good ability to take ones account,,it is call fools gold,,i call it devils gold , regards
just started recently and become very cautioned with it.... very dangerous metal to trade ...i agree..
but i do follow you.. u r awsome mann
  • #19,627
  • Nov 26, 2014 9:12am Nov 26, 2014 9:12am
Quoting banker19
{quote} just started recently and become very cautioned with it.... very dangerous metal to trade ...i agree.. but i do follow you.. u r awsome mann
no
  • #19,628
  • Nov 26, 2014 9:13am Nov 26, 2014 9:13am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
CT - please...this is amazing, sudden changes of view from people posting over here. When there is a buy opportunity, people here they start sharing the same chart which was showing them a buying opportunity again with a short bias. Am I suppose to laugh or pity the poor MM abilities. Being a fund manager, I would like to have a view and stick to it until fundamentally or technically or both, I am being thrown out of the pair.

I seriously want you to comment on this

KAH
  • #19,629
  • Nov 26, 2014 9:15am Nov 26, 2014 9:15am
I started to worry. 1200 is becoming too heavy. With all these red news from USA, if it didn't CLEARLY break, I think it will go down.
No guts, no glory
  • #19,630
  • Nov 26, 2014 9:17am Nov 26, 2014 9:17am
My Weekly Review, so far...

Technically, Gold is trapped between daily SMA 50 and Weekly Pivot ($1194), with Monthly Pivot ($1196) is stuck in between. Fundamentally, big players are waiting for Swiss Gold Voting on Saturday, plus US Market seems to be in holiday mood (Thanksgiving on Thursday) already.

Hence, all in all, we're lacking liquidity in the market at the moment. Better stay away until next week.

Cheers..!
  • #19,631
  • Nov 26, 2014 9:21am Nov 26, 2014 9:21am
Quoting Kah
CT - please...this is amazing, sudden changes of view from people posting over here. When there is a buy opportunity, people here they start sharing the same chart which was showing them a buying opportunity again with a short bias. Am I suppose to laugh or pity the poor MM abilities. Being a fund manager, I would like to have a view and stick to it until fundamentally or technically or both, I am being thrown out of the pair. I seriously want you to comment on this KAH
Hi Kah can you please post your view i would be very interested with you being a fund manager.Best regards E
  • #19,632
  • Nov 26, 2014 9:29am Nov 26, 2014 9:29am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting abokwaik
I started to worry. 1200 is becoming too heavy. With all these red news from USA, if it didn't CLEARLY break, I think it will go down.
This is like how the lion hunt, he will tire you to the core and then when you give up, he will play with you a little and then finally...chop chop, he will eat you. Wait, wait and wait, put all your patience also along with concentration on the plate and then execute a trade. The moment buyers will get tired, it would climb up and make faces from there to those who just took an exit because breakout was taking long

Long term bias still on the shorter side, however a wave has been started which might guide us to 1215 at least by tomorrow European session.

CT - you must introduce some 'Patience Testing' exercises here

KAH
  • #19,633
  • Nov 26, 2014 9:32am Nov 26, 2014 9:32am
Quoting Kah
CT - please...this is amazing, sudden changes of view from people posting over here. When there is a buy opportunity, people here they start sharing the same chart which was showing them a buying opportunity again with a short bias. Am I suppose to laugh or pity the poor MM abilities. Being a fund manager, I would like to have a view and stick to it until fundamentally or technically or both, I am being thrown out of the pair. I seriously want you to comment on this KAH

If I may.

I imagine FF has all types of traders: Scalpers, Day Traders, Swing Traders and Investors(?), well maybe not investors.
People are using different time frames based on their trading style.
So it is normal for those who trade PA on short time frames to switch sentiment more often.

It seems like I am trying to explain the obvious.
No guts, no glory
  • #19,634
  • Nov 26, 2014 9:37am Nov 26, 2014 9:37am
albert3 apa maksud OP lubung kosong pada chart awk?..
  • #19,635
  • Nov 26, 2014 9:39am Nov 26, 2014 9:39am
Quoting Kah
CT - please...this is amazing, sudden changes of view from people posting over here. When there is a buy opportunity, people here they start sharing the same chart which was showing them a buying opportunity again with a short bias. Am I suppose to laugh or pity the poor MM abilities. Being a fund manager, I would like to have a view and stick to it until fundamentally or technically or both, I am being thrown out of the pair. I seriously want you to comment on this KAH
Mate, you'll see all kinds of fellas here.. best act would be to act neutrally.. People come from different corners of the world, different strategies, far different views and what not?

You'll see lots happening here.. Best bet? Trade using your skills, don't get carried away by anyone's opinion.

On the trading side, if price can decisively fly through 1205-08 range we can expect Bull's Rule, but nothing decisive is happening right now. I guess not much action is left for the remainder US session, hope we see nice price movement during the remainder week.

Respect MM, Trade Safe!
Hello World!
  • #19,636
  • Nov 26, 2014 9:42am Nov 26, 2014 9:42am
Quoting abokwaik
{quote} If I may. I imagine FF has all types of traders: Scalpers, Day Traders, Swing Traders and Investors(?), well maybe not investors. People are using different time frames based on their trading style. So it is normal for those who trade PA on short time frames to switch sentiment more often. It seems like I am trying to explain the obvious.
Well said!
Hello World!
  • #19,637
  • Nov 26, 2014 9:43am Nov 26, 2014 9:43am
1188 next
  • #19,638
  • Nov 26, 2014 9:43am Nov 26, 2014 9:43am
Quoting King9092
albert3 apa maksud OP lubung kosong pada chart awk?..
sorry i am english
  • #19,639
  • Nov 26, 2014 9:46am Nov 26, 2014 9:46am
Quoting Kah
{quote} This is like how the lion hunt, he will tire you to the core and then when you give up, he will play with you a little and then finally...chop chop, he will eat you. Wait, wait and wait, put all your patience also along with concentration on the plate and then execute a trade. The moment buyers will get tired, it would climb up and make faces from there to those who just took an exit because breakout was taking long Long term bias still on the shorter side, however a wave has been started which might guide us to 1215 at least by tomorrow...
Don't worry, I am patient. I have some trades open for over 2 weeks. I am trading my weekly market views (Buying dips) through out November, and been doing good so far.

The thing is that I've already reached my weekly and monthly target and was thinking of clearing my open orders for the rest of the month.
No guts, no glory
  • #19,640
  • Nov 26, 2014 10:11am Nov 26, 2014 10:11am
http://harmonicelliottwave.blogspot....ly%20forecasts
Harmonic Elliott Wave Weekly GOLD Forecast.

Pending Short at 1210
Edit: [wave [iii] [b] Targets: 1211-20]
SL Hedge at 1215
Cheers, U2
Wait, or you will be slaughtered!
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